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20121205
20121213
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Search Results 0 to 16 of about 17 (some duplicates have been removed)
and senator harry reid made some comments this afternoon that put a damper on that real. we've lost about 30 points. in that time. up 74 on the dow at 13,244. the nasdaq is doing well today, up 32 points. more than a 1% gain, although it is off its highs of the day at 3019, and the s&p 500 index is 8 plus points at 1426. the word on the street is because of the fiscal cliff, some investors are actually selling the winners, the winning stocks, and they are holding on to the poor performers, the opposite what have they have been doing the last few years. maria? >> makes a lot of sense given the fact that tax les go higher on capital gains. you want to get out of some of those names. let's find out how you should be investing 20 days away from the deadline. in today's "closing bell" exchange, carol roth with us, rich peterson from is & p, jonathan corpina from meridian equity partners and our own rick santelli. good to see you all. jonathan, we'll kick this off with you. what's the right strategy going into these negotiations and going into year end? >> running out of time at this point, and as
harry reid warned it will be tough to reach a deal to avoid the fiscal cliff before christmas. we all note deadline, december 31. take a look at how we're finishing the day. the dow jones industrial average up about 80 points today. it was higher, much higher than 100 points earlier today, up two-thirds of 1%. volume on the light side this afternoon. nasdaq composite picked it up. technology up better than 1%. s&p 500 also on the upswing. markets maintaining steady gains all day long. david kudlow and bob pisani and barbara from the street. welcome to all of you. what about coming off the best levels? >> hitting search-week highs. 13,245 is where we ended the night of election and waiting for it to settle out. 13,248, so we are exactly where we were when the elections closed. i think the important thing is as long as there is some indication that they are talking the markets are holding up very well. i think the concern is after a deal happens, i think we'll have it, what will happen after, that and a lot of people are worried now that austerity is coming. that's a negative for stocks
for that and that shouldn't change. harry reid feels differently. and the president feels differently. >> the president is right to say this is an extreme measure and was used irresponsibly last year. just to clarify and tellyear. the viewers what you are talking about. the republicans in exchange for raising the debt limit said we'll do it but there have to be spending cuts to offset the amount of debt. >> what i don't like about the debt ceiling process is we have a process to create budget and there are congress and committees. things are supposed to go through both houses and get voatds on. i think this is going outside the democratic process. the republican numbers went down much more than barack obama's did last year. i think they have to be careful about what they are doing here. >> i think the reason simon doesn't like it is because it gives the republicans leverage to force the president to deal with the debt. the president has as much chance of succeeding as you have of getting john bolton to cry on your show. megyn: i think i can do it. a challenge? >> i bet you can. in the last 27 years, ev
. we are hearing a lot of talk from harry reid about reforming the senate filibuster rules. it might be about time for that when senators can start filibustering their own bills. >> that's what majority leader mitch mcconnell did yesterday. get this. he tried playing a trick on the democrats and wrote a bill allowing the president to raise the debt ceiling. mcconnell assumed democrats would not want to vote on that and was hoping to use that against them saying no one wanted to give the president that power. that back fired when the democratic caucus was happy to vote on the measure forcing mcconnell to say no. here is the democrats' response. >> this may be a moment in senate history when a senator made a proposal and when given an opportunity for a vote on that proposal, fillibustered his own proposal the i think we have reached a new spot in the history of the senate we have never seen before. >> the senate democrats posted that to youtube yesterday. mcconnellts reason for not voting on the bill? he said it is so important it needed a filibuster-proo
majority leader harry reid had to cancel a 5:30 p.m. vote because of fog. many lawmaker's flights were canceled because of the weather here in d.c. votes don't often get canceled because of weather. it happened during last summer's storm and then during the snowmageddon of 2010. >> bill: the senate could not work because of fog. >> irony is rich. >> bill: ben, i have to ask you. there's so much speculation about sunday's meeting at the white house. president obama and john boehner, mano y mano, eric cantor wasn't there nobody else in the room with him. and what does it mean, if anything? >> i think it means that they're at least talking and neither of them came out afterwards and said, you know, we're -- there's no chance for a deal. i think the less we hear in terms of a deal being made, the better. the fewer the leaks the fewer the complaints. the more the likelihood we get a fiscal cliff agreement at some point. there's still obviously the chance we go off the cliff. i think that's pretty unlikely to come t
leader harry reid called him on it, called his bluff. then mcconnell filibustered his own bill. here's senator dick durbin. >> so this may be a moment in senate history when a senator made a proposal and when given an opportunity for a vote on that proposal filibustered his own proposal. i think we have now reached a new spot in the history of the senate we've never seen before. >> congressman, proof positive they have winging it. >> well, look, the senate and house republicans are just tieing themselves up in all sorts of knots. this is the latest evidence of this. this is known now as the mcconnell rule. and now he wants to distance himself and disassociate himself with it. you know, his name is attached to it. he thought of this idea. and what the president has said is, you know, it was a good idea then, senator mcconnell, let's continue to live with it, let's extend it. and as you know, all we're doing with the debt ceiling is saying that the united states will pay the obligations that the congress has already voted on. >> sure. >> so you can't wake up in the morning and say you'
at least part of it. 17 democrats and incoming senator elect elizabeth warren sending a letter to harry reid they want to delay the implementation of the tax on medical devices. kirsten powers is here, ladies and gentlemen, what do you think of this. >> you're not going to make me defend this. stuart: defend what, the medical device tax or the senate? >> i think this is kind of the outrageous behavior on parts of the democrats. they should have known this was in the bill, right theoretically? >> i thought you'd shifted a little bit to the right. >> i've always been this way i've always been fair and look, i think that, i don't think they should be allowed to do this. if you're going to vote for obamacare and it does have taxes that are attached to it, part of the deal, you can't carve it out to protect your constituents. stuart: especially three weeks before. >> comes up at the election. stuart: it's a powerful group, 17 senate democrats that's a big churni chunk of the democrats-- >> won't be surprised if they get their way. you can't determine taxes and carve out for your powerful con
on the floor you had the majority leader harry reid and senator mcconnell talk ago little football, perhaps a sign they are lightening things up and trying to move things forward. jenna: maybe. are they the only two that talk. the floor always looks empty, mike, is it just the two of them back and forth, is that what is going on? >> reporter: they come through, they take center stage and later in the day you get all kinds of things. jenna: a little football talk. never really a bad thing. thank you for the update. jon: let's continue to talk about that a little bit. we are looking at whether president obama is at risk of repeating what some critics have said is a mistake he made in which is one term. one columnist writing that mr. obama alley natured the g.o.p. with his stimulus package. he said rather than work with republicans he colluded with democratic leaders. he goes onto write, quote, fast forward to 2012 it looks as if the white house is trying to repeat its mistakes all over again. joining us now the author of that column jonah goldberg editor at large of the national review, he is
at the bold, stark facts that since harry reid became the leader here, he's had to face 388 filibusters. and the last time the democrats were in the minority, we forced half as many, which i think even is too much. but half as many. so you have our majority leader facing twice as many as democrats led and it just has gotten out of hand. and, you know, you can stand up here and say it's a horrible thing to try and change the rules, but my test is abuse versus use. and i think if we can come together and avert any type of a -- some kind of showdown at ok corral, it's ridiculous. we don't need that. we can talk to each other as friends. we can figure out some of these commonsense reforms that we can do without having to get angry at one another. i -- i don't think it serves anyone's purpose if we're all angry at one another over this. so i wanted to respond to senator hatch on that. i also would ask unanimous consent that my whole statement about the nomination of jesus spurnell, be put in the record at the time we take up the judges later on in the day. the presiding officer: without obje
people embraced. unfortunately harry reid didn't embrace it and tabled it in the united states senate and then we moved on from there. i argue it was a highlight. we needed to cap spending. we needed to cut spending in the first year. cap it. start the process that everybody else has to function in, a balanced budget requirement added to the constitution. it would help address our fiscal concerns but more importantly be one of those that would help us get to economic growth. i'll be -- the one thing we need. george will spoke to a group of us. he had a great line. r.s.c. meeting. steve and i were there. when you have 1% growth it feels 1% economic growth it feels like a zero sum game. when you have 5% growth it's boundless opportunity. and that's what we got to get back to this message of what can we do to give opportunity to american families, to american young people, to americans in general. and cut, cap and balance was part of it. getting back to the kind of policies to promote economic growth. and that optimism and that specialness that reagan talked about that is i think where w
Search Results 0 to 16 of about 17 (some duplicates have been removed)